[Form 4] Coinbase Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Coinbase Global, Inc. (COIN) reported insider equity activity by its Chief Accounting Officer on a Form 4 dated 11/20/2025. Multiple tranches of restricted stock units (RSUs) and employee stock options converted into Class A common stock, with several RSU conversions shown at a price of $0 per share.

The filing shows 2,632 shares of Class A common stock withheld at $257.29 per share to cover tax obligations tied to RSU vesting. It also reports an option exercise at $74.63 per share and an open-market sale of 869 Class A shares at $259.93 per share executed under a Rule 10b5-1 trading plan. Following these transactions, the reporting person directly holds 1,787 shares of Class A common stock, along with remaining RSUs and stock options that continue to vest over time.

Insider Trade Summary

Net Seller: 869 shares ($225,879)

Net Sell 14 txns

Insider Jones Jennifer N.

Role Chief Accounting Officer

Sold 869 shs ($226K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	290	$0.00	--
Exercise	Restricted Stock Units	628	$0.00	--
Exercise	Restricted Stock Units	1,256	$0.00	--
Exercise	Restricted Stock Units	1,321	$0.00	--
Exercise	Restricted Stock Units	1,214	$0.00	--
Exercise	Employee Stock Option (right to buy)	579	$0.00	--
Exercise	Class A Common Stock	628	$0.00	--
Exercise	Class A Common Stock	1,256	$0.00	--
Exercise	Class A Common Stock	1,321	$0.00	--
Exercise	Class A Common Stock	1,214	$0.00	--
Tax Withholding	Class A Common Stock	2,632	$257.29	$677K
Exercise	Class A Common Stock	579	$74.63	$43K
Exercise	Class A Common Stock	290	$74.63	$22K
Sale	Class A Common Stock	869	$259.93	$226K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Restricted Stock Units — 0 shares (Direct); Class A Common Stock — 628 shares (Direct)

Footnotes (1)

1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal, state and provincial tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024, during an open trading window. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date. The options vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase. The options vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jones Jennifer N.

(Last) (First) (Middle)

C/O COINBASE GLOBAL, INC.

ONE MADISON AVENUE, SUITE 2400

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Coinbase Global, Inc. [ COIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/20/2025		M(1)		628	A	$0	628	D
Class A Common Stock	11/20/2025		M(1)		1,256	A	$0	1,884	D
Class A Common Stock	11/20/2025		M(1)		1,321	A	$0	3,205	D
Class A Common Stock	11/20/2025		M(1)		1,214	A	$0	4,419	D
Class A Common Stock	11/20/2025		F(2)		2,632	D	$257.29	1,787	D
Class A Common Stock	11/20/2025		M(3)		579	A	$74.63	2,366	D
Class A Common Stock	11/20/2025		M(3)		290	A	$74.63	2,656	D
Class A Common Stock	11/20/2025		S(3)		869	D	$259.93	1,787	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(4)	11/20/2025		M(1)			628	(5)	(6)	Class A Common Stock	628	$0	0	D
Restricted Stock Units	$0(4)	11/20/2025		M(1)			1,256	(7)	(6)	Class A Common Stock	1,256	$0	0	D
Restricted Stock Units	$0(4)	11/20/2025		M(1)			1,321	(8)	(6)	Class A Common Stock	1,321	$0	5,282	D
Restricted Stock Units	$0(4)	11/20/2025		M(1)			1,214	(9)	(6)	Class A Common Stock	1,214	$0	10,936	D
Employee Stock Option (right to buy)	$74.63	11/20/2025		M(3)			579	(10)	02/05/2033	Class A Common Stock	579	$0	1,339	D
Employee Stock Option (right to buy)	$74.63	11/21/2025		M(3)			290	(11)	02/05/2033	Class A Common Stock	290	$0	0	D

Explanation of Responses:

1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal, state and provincial tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.

3. This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2024, during an open trading window.

4. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.

5. The RSUs vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.

6. RSUs do not expire; they either vest or are canceled prior to vesting date.

7. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.

8. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.

9. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.

10. The options vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

11. The options vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

Remarks:

	/s/ Jennifer N. Jones, by Lailey Rezai, Attorney-in-Fact	11/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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